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Re: FundTrader post# 32332

Thursday, 04/25/2013 1:41:43 PM

Thursday, April 25, 2013 1:41:43 PM

Post# of 41960
Correct me if I am wrong, but I believe dj_ponder's argument is that a "Vice President" is automatically an "inside director", thus William Rawson, having been made a VP, was also by default an "inside director".

If that is the crux of the argument, then the assertion is false. A Vice President MAY be on the board of directors, but it is not automatic.

As Vice President of Operations, William Rawson's duties would typically entail overseeing day to day running of the company.